Free shares? Actual shares? Surely not! Yes – its a thing. Freetrade is a great app where you can buy and sell shares. However, they also give you a free share when you sign up, and its guaranteed to be worth between £10 and £200! How amazing! You can also get a free share when you refer someone. My free shares include Dropbox, currently worth £22.37, Rightmove (£7) and Scottish American, coming in at the lowest amount at just over a fiver. However – that is free money! Here is our Freetrade review.
You can choose whether you just sell the share straightaway and literally just get free money – or you can watch them for a while to see if they increase. I even get 3 pence a month dividend from my Scottish American share! Its a great first introduction to the world of shares, as the app also gives you some helpful tips on what you should be buying.
Its a free app, although you do have to upload £1 from your bank account. You can withdraw it again once you have had your free share, though. The sign up is a little more long winded than the usual freebie websites, as you have to prove you live in the UK. Its worth it though – I have heard of people getting £200 shares!
Dealing in shares is tricky, and you should only ever use your own money if you know you have a certain amount to play with. Never risk money you can’t afford. Trading in shares could mean losing all of the money you put in. However, a free share is a great way to start. You could sell your free share and use that money to buy shares you are more interested in. or refer your friends to get even more free shares. Why not, its not a gamble when its not your own money! But remember, if you ever feel yourself getting too close to spending money you just don’t have – stop. And here are some ideas on how to get more money using cashback.
Join Freetrade here – this is a referral link.